StockCall Pre-Market Review on Atmel, Cypress Semiconductor, ON Semiconductor,
Maxim Integrated Products, and Integrated Device Technology
PR Newswire
LONDON, March 7, 2013
LONDON, March 7, 2013 /PRNewswire/ --
The semiconductor industry faced significant challenges in 2012 as the global
economy slowed down. The industry is also seeing a major transformation due to
the shift to mobile. Going forward companies that have sound mobile strategy
will be the ones in a strong position. Meanwhile, companies such as Atmel
Corporation (NASDAQ: ATML), Cypress Semiconductor Corporation (NASDAQ: CY), ON
Semiconductor Corp. (NASDAQ: ONNN), Maxim Integrated Products Inc. (NASDAQ:
MXIM), and Integrated Device Technology Inc. (NASDAQ: IDTI) will also benefit
from an improving outlook for the global company. On Wednesday, semiconductor
stocks ended on a mixed note even as the Dow Jones finished at yet another
record high. StockCall analysts initiated preliminary technical research on
ATML, CY, ONNN, MXIM, and IDTI. These free reports are accessible by signing
today at
http://www.stockcall.com/register
Shares of Atmel Corp. edged lower in Wednesday's trading session. The stock
closed 0.92% lower at $6.43 on volume of 2.86 million. For the week, the stock
has now fallen more than 1.30%. Year-to-date, Atmel Corporations shares have
fallen more than 1.80%. Atmel's shares are currently trading below their
50-day and 200-day moving averages, which is a bearish signal. The bearish
trend is further confirmed by the stock's MACD chart. The company currently
has support at $6.25. The free technical analysis on ATML is available by
signing up at
http://www.StockCall.com/ATML030713.pdf
Shares of Cypress Semiconductor Corp. rose sharply in Wednesday's trading
session, extending their gains for the week. The stock closed 1.51% higher at
$10.79 on volume of 3.73 million. For the week, the stock has now gained
nearly 5%. Technical indicators for Cypress Semiconductor are currently giving
very strong bullish signals. The stock's MACD is currently trading above the
signal line and the zero-line. The stock has just broken through $10.50
resistance level. Year-to-date, the semiconductor company's shares, however,
have fallen 0.46%, underperforming the broad market. Register now to download
the free research on CY at
http://www.StockCall.com/CY030713.pdf
Shares of ON Semiconductor Corp. also rose sharply in Wednesday's trading
session, ending the day 1.12% higher at $8.10 on above average volume of 7.61
million. The stock rose to an intra-day high of $8.15 yesterday. The company's
shares have gained more than 2.70% so far this week. Year-to-date, the stock
has inched up nearly 15%, easily outperforming the broad market. Recent volume
activity suggests that market sentiment has turned bullish on ON
Semiconductor. The stock is also trading above its 50-day and 200-day moving
averages, which further confirms the bullish trend. Free report on ONNN can be
accessed by registering at
http://www.StockCall.com/ONNN030713.pdf
Shares of Maxim Integrated Products Inc. slipped in Wednesday's trading
session. The stock closed 0.63% lower at $31.80 on volume of 2.13 million.
Despite the pullback yesterday, the company's shares gained more than 2.60% in
the last three trading sessions. Year-to-date, the stock has gained more than
8%, outperforming the broad market. Register with StockCall and download the
research on MXIM for free at
http://www.StockCall.com/MXIM030713.pdf
Shares of Integrated Device Technology Inc. edged lower in Wednesday's trading
session. The stock closed 1.18% lower at $6.69 on volume of 1.30 million.
Year-to-date, the stock has now fallen more than 8%, underperforming the broad
market. Technical indicators for the company are currently giving strong
bearish signals. Read the full free research on IDTI by signing up to
StockCall at
http://www.StockCall.com/IDTI030713.pdf
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SOURCE StockCall.com
Contact: William T. Knight, Email: info@stockcall.com, Contact Number:
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